Trading Edges That Last
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Recap Comparing to GBP, euro had a more difficult selloff. It took better half of the week to make an attempt to test Y-1 and finally sold off to almost ...READ MORELawrence's Comment Recap Ninja popped higher with upside target tagged as expected. Resistance at Y+3 keeping the range in check. Closed the week near Y+2 and above midpoint. Outlook Strong resistance at ...READ MORELawrence's Comment Recap Consolidated around Y+1 until late in the week where it zoomed to new high for the week. Closed the week above Y+1 and midpoint. Outlook If it is going to breakout ...READ MORELawrence's Comment Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint. Outlook Outside week ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREEURUSD May 16 to May 20 OutlookAUDUSD Oct 22 to Oct 26 OutlookIntraday Cycle Projection (AUDUSD) 2023-03-08Dow 30 Oct 24 to Oct 28 OutlookUSDJPY May 16 to May 20 OutlookIntraday Cycle Projection (AUDUSD) 2013-12-17USDCAD Jul 08 to Jul 12 OutlookUSDJPY Jul 07 to Jul 11 OutlookPrecog Vision – Forex 2014-8-1Precog Vision – Forex 2017-11-21
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AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above Y+1 near week high.
Outlook
Overall weakening of USD across the board was the theme of last week. The run points to potential test of 0.75 round number above. Failing to hold above B+1 points to a steep fall back down to B-0 / Y+1.
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